Marine Petroleum Trust (NASDAQ:MARPS) Sees Significant Decrease in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,615 shares, a decrease of 53.6% from the May 31st total of 5,631 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 20,336 shares, the short-interest ratio is currently 0.1 days.

Marine Petroleum Trust Stock Down 1.7%

MARPS stock traded down $0.08 during trading on Tuesday, hitting $4.52. 6,393 shares of the company’s stock traded hands, compared to its average volume of 47,798. The stock has a market capitalization of $9.04 million, a price-to-earnings ratio of 14.13 and a beta of 0.37. Marine Petroleum Trust has a 52 week low of $4.05 and a 52 week high of $6.49. The stock has a fifty day moving average price of $4.80 and a two-hundred day moving average price of $4.78.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its earnings results on Thursday, May 14th. The energy company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $0.23 million for the quarter. Marine Petroleum Trust had a net margin of 65.28% and a return on equity of 66.30%.

Marine Petroleum Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, May 29th were paid a dividend of $0.0965 per share. This represents a $0.39 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend was Friday, May 29th. Marine Petroleum Trust’s payout ratio is presently 121.88%.

Institutional Investors Weigh In On Marine Petroleum Trust

An institutional investor recently bought a new stake in Marine Petroleum Trust stock. Welch Group LLC purchased a new position in Marine Petroleum Trust (NASDAQ:MARPS) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned 0.80% of Marine Petroleum Trust at the end of the most recent quarter. Institutional investors and hedge funds own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings raised Marine Petroleum Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Wall Street Zen raised shares of Marine Petroleum Trust to a “hold” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Marine Petroleum Trust presently has a consensus rating of “Hold”.

About Marine Petroleum Trust

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.